Pembina Pipeline Corp. (PBA) to Issue Sep 17 Dividend of $0.17 on October 15th
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) announced a sep 17 dividend on Wednesday, September 6th, RTT News reports. Investors of record on Monday, September 25th will be paid a dividend of 0.17 per share by the pipeline company on Sunday, October 15th. This represents a yield of 4.95%. The ex-dividend date is Friday, September 22nd.
Pembina Pipeline Corp. has decreased its dividend by an average of 3.1% annually over the last three years. Pembina Pipeline Corp. has a dividend payout ratio of 141.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Pembina Pipeline Corp. to earn $1.86 per share next year, which means the company may not be able to cover its $2.04 annual dividend with an expected future payout ratio of 109.7%.
Shares of Pembina Pipeline Corp. (NYSE PBA) opened at 34.07 on Friday. The stock has a market cap of $13.73 billion, a PE ratio of 33.30 and a beta of 0.72. The company’s 50-day moving average is $32.71 and its 200 day moving average is $32.59. Pembina Pipeline Corp. has a 52 week low of $27.44 and a 52 week high of $34.97.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Analysts forecast that Pembina Pipeline Corp. will post $1.43 earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Pembina Pipeline Corp. has a consensus rating of “Buy” and an average target price of $43.00.
Pembina Pipeline Corp. Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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